BDC Consult: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BDC Consult
Largest movements
- Tangible fixed assets +€204,342
up €204,342 (+25.5%), from €800,600 to €1.0m
of which Land and buildings: +€159,624
- Cash +€54,145
up €54,145 (+158.5%), from €34,156 to €88,300
mainly Debts after one year (+€215,786) and Depreciation (+€81,106)
- Receivables within one year +€20,773
up €20,773 (+36.0%), from €57,745 to €78,518
of which Trade receivables: +€20,092
- Stocks and contracts +€15,737
up €15,737 (+9.6%), from €164,082 to €179,819
- Debts after one year +€215,786
up €215,786 (+37.3%), from €577,763 to €793,549
- Other debts +€67,422
up €67,422 (+171.7%), from €39,269 to €106,691
- Tax, wage and social debts -€23,734
down €23,734 (-44.0%), from €53,888 to €30,154
of which Taxes: -€23,734
- Trade debts +€15,610
up €15,610 (+50.3%), from €31,029 to €46,639
- Other operating charges +€27,882
up €27,882 (+474.5%), from €5,876 to €33,758
- Taxes -€9,570
down €9,570 (-29.0%), from €32,981 to €23,410
- Gross operating margin +€8,128
up €8,128 (+4.0%), from €203,953 to €212,081
- Depreciation +€4,053
up €4,053 (+5.3%), from €77,053 to €81,106
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,070,692 | €1,356,913 | +€286,221 | +26.7% |
| Fixed assets | 21/28 | €801,630 | €1,005,442 | +€203,812 | +25.4% |
| Intangible fixed assets | 21 | €530 | €0 | -€530 | -100.0% |
| Tangible fixed assets | 22/27 | €800,600 | €1,004,942 | +€204,342 | +25.5% |
| Land and buildings | 22 | €763,733 | €923,357 | +€159,624 | +20.9% |
| Plant, machinery and equipment | 23 | €4,899 | €3,924 | -€974 | -19.9% |
| Furniture and vehicles | 24 | €31,968 | €18,682 | -€13,286 | -41.6% |
| Other tangible fixed assets | 26 | - | €58,979 | +€58,979 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €269,062 | €351,471 | +€82,409 | +30.6% |
| Stocks and contracts in progress | 3 | €164,082 | €179,819 | +€15,737 | +9.6% |
| Stocks | 30/36 | €164,082 | €179,819 | +€15,737 | +9.6% |
| Amounts receivable within one year | 40/41 | €57,745 | €78,518 | +€20,773 | +36.0% |
| Trade receivables | 40 | €56,828 | €76,920 | +€20,092 | +35.4% |
| Other amounts receivable | 41 | €916 | €1,598 | +€681 | +74.4% |
| Cash at bank and in hand | 54/58 | €34,156 | €88,300 | +€54,145 | +158.5% |
| Deferred charges and accrued income | 490/1 | €13,080 | €4,834 | -€8,246 | -63.0% |
| Total equity and liabilities | 10/49 | €1,070,692 | €1,356,913 | +€286,221 | +26.7% |
| Equity | 10/15 | €311,355 | €313,164 | +€1,809 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €291,355 | €293,164 | +€1,809 | +0.6% |
| Distributable reserves | 133 | €291,355 | €293,164 | +€1,809 | +0.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €759,337 | €1,043,749 | +€284,412 | +37.5% |
| Amounts payable after more than one year | 17 | €577,763 | €793,549 | +€215,786 | +37.3% |
| Financial debts | 170/4 | €577,763 | €793,549 | +€215,786 | +37.3% |
| Amounts payable within one year | 42/48 | €175,669 | €246,144 | +€70,474 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €51,086 | €62,294 | +€11,208 | +21.9% |
| Financial debts | 43 | €398 | €366 | -€31 | -7.9% |
| Credit institutions | 430/8 | €398 | €366 | -€31 | -7.9% |
| Trade debts | 44 | €31,029 | €46,639 | +€15,610 | +50.3% |
| Suppliers | 440/4 | €31,029 | €46,639 | +€15,610 | +50.3% |
| Taxes, remuneration and social security | 45 | €53,888 | €30,154 | -€23,734 | -44.0% |
| Taxes | 450/3 | €49,888 | €26,154 | -€23,734 | -47.6% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €39,269 | €106,691 | +€67,422 | +171.7% |
| Accrued charges and deferred income | 492/3 | €5,905 | €4,056 | -€1,848 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,053 | €81,106 | +€4,053 | +5.3% |
| Other operating charges | 640/8 | €5,876 | €33,758 | +€27,882 | +474.5% |
| Gross operating margin | 9900 | €203,953 | €212,081 | +€8,128 | +4.0% |
| Operating profit (loss) | 9901 | €121,024 | €97,217 | -€23,807 | -19.7% |
| Financial income | 75/76B | €329 | €316 | -€13 | -4.1% |
| Recurring financial income | 75 | €329 | €316 | -€13 | -4.1% |
| Financial charges | 65/66B | €14,071 | €13,971 | -€101 | -0.7% |
| Recurring financial charges | 65 | €14,071 | €13,971 | -€101 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €107,282 | €83,562 | -€23,720 | -22.1% |
| Income taxes | 67/77 | €32,981 | €23,410 | -€9,570 | -29.0% |
| Profit (loss) for the period | 9904 | €74,301 | €60,151 | -€14,150 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,301 | €60,151 | -€14,150 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.